Permira Completes Acquisition of Mimecast

Mimecast Limited announced the completion of its acquisition by funds advised by Permira for approximately $5.8 billion or $80.00 per share in cash.

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“Today marks the beginning of an exciting new era at Mimecast during which we will continue to transform the way email security, data and resilience are managed,” said Peter Bauer, chairman and chief executive officer of Mimecast. “With Permira’s resources, network and deep experience scaling global technology companies, we will be better positioned than ever to deliver the innovations that our customers and the world need. I want to thank our 2,000 Mimecasters for their relentless dedication to our customers and our mission.”

With the completion of the transaction, Mimecast’s stock ceased trading and the company is no longer listed on any public market.

Citi served as exclusive financial advisor to Mimecast, and Goodwin Procter LLP acted as legal counsel. Qatalyst Partners acted as lead financial advisor to Permira and BofA Securities, J.P. Morgan Securities LLC and RBC Capital Markets, LLC served as financial advisors. Blackstone Credit and funds managed by Ares Management Corporation’s Credit Group provided committed debt financing to the Permira funds. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Permira.

Mimecast: Relentless protection. Resilient world. ™

Mimecast was born in 2003 with a focus on delivering relentless protection. Each day, we take on cyber disruption for our tens of thousands of customers around the globe; always putting them first, and never giving up on tackling their biggest security challenges together. We are the company that built an intentional and scalable design ideology that solves the number one cyberattack vector – email. We continuously invest to thoughtfully integrate brand protection, security awareness training, web security, compliance and other essential capabilities. Mimecast is here to help protect large and small organizations from malicious activity, human error and technology failure; and to lead the movement toward building a more resilient world.

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